kindly give the relevant term or concept A situation where the quantity supplied of a good is not sensetive to a change in the price of the good.

Q: Is it ethical to “pay” people with trade-offs for access to their lives and minds?

A: In economics, the trade-off between two or more alternatives is the basic concept to understand and…

Q: 1. Ms. Anna Frozen operates an ice cream store while she offers bookkeeping services to her clients.…

A: The correct answer is given in the second step.

Q: A monopolist's demand curve: is perfectly elastic. is the same as the market demand curve. is…

A: A monopolist is a single seller in the market. As it rules over the entire market, its market demand…

Q: In 1750, a large number of honey beekeepers in Kirkcaldy were selling honey in identical jars. By…

A: The economics as a study is based upon the basic idea that there is resource scarcity present with…

Q: Part 2) Consider the capital accumulation equation: K+1 = I + (1 - 6) KĻ. This equation should hold…

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the…

Q: Justify teachings of property law to students of economics

A: Private property refers to the ownership of resources by private individuals without any government…

Q: f you deposit $10000 into a fund paying interest 6%. How much you get after one yea

A: Given the deposit amount = $10000 Interest rate = 6%

Q: Consider the following fixed proportions technologies: Technology A uses 3 units of labour and 6…

A: Technology A = 3 Labour and 6 capital  = 10 unit of output Technology B = 8 Labour and 4 capital  =…

Q: INFINITE REPETITION Consider the infinitely repeated game constructed from the following stage game.…

A: Payoffs of the infinitely repeated game are as follows -

Q: Given the demand functions,    (iii) P = 45 (a) Write down the equations for TR. (b) Calculate…

A: The demand function shows the inverse relationship between price and quantity demanded. It means…

Q: A monopolist's demand function is given by D(p) = 90 – 2p. This monopolist is facing a cost…

A: D(p) or y = 90 − 2p p = 45 - 0.5y C(y) = (1/2)y2 + 600 TR = p*y TR = 45y - 0.5y2

Q: If climate change impacts (e.g., increased heat waves, droughts, wildfires, etc.) decrease the…

A: The Solow Model is an external economic expansion model that examines variations in an economy's…

Q: Explain the effect on market price and quantity in the market for mobile phones of each of the…

A: here we provide explanation of the given statement as follow;

Q: H6-1 The Affordable Care Act (Obamacare) has changed the health care environment in America. Pick…

A: The affordable care Act or also known as Obamacare has created a huge effect on the health care…

Q: Bruce deposited $100 into the bank account. The account is credited with interest at a nominal…

A: The correct answer is given in the second step.

Q: You have 100 pesos a month you can deposit into an account earning 3.9% APR, compounded monthly. How…

A: The value of an asset at a future date is termed  as future value. It calculates the nominal future…

Q: Inflation at lowest rate in 5 years Inflation rate (percent per year) In September, inflation in the…

A:

Q: You are considering a generous offer from two banks for your savings account. Bank A is offering an…

A: Given information Deposit amount=$1000 Bank A i=6% Bank B i= 6% compounded semiannual

Q: When is the effect of fiscal policy on real GDP the highest? O a. Steep SRAS curve, Small multiplier…

A: Fiscal policy conducts by the government of a country. The fiscal policy implies changes in…

Q: Cost of a machinery is Rp 10 Billion and the economic life of the machinery is 20 year. Assuming the…

A: The cost incurred over time by the owner of a fixed asset or consumer durable as a consequence of…

Q: 8. Inflation-induced tax distortions Shen receives a portion of his income from his holdings of…

A:

Q: If a TV show has a rating of 8.0/16.0 what does it mean? а. 8% of all televisions in use at the time…

A: The correct option is a. If a TV show has a rating of 8.0/16.0, it means that 8% of all televisions…

Q: Suppose I know the production function: Q = F(K,L) = F(5, 10) = 200. The the average product of…

A: Average product of labor is equal to total product per unit of labor.

Q: The function f(x, y) = (x + y)* – a² – y? – 6xy | has stationary points at some of the following…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Farmer Joe’s production function is f(x1, x2) = x 1/3 1 x 1/3 2 , where x1 is the number of pounds…

A: Given; Farmer Joe’s production function; f(x1, x2) = x11/3x21/3 where; x1 is the number of pounds of…

Q: Yearly demand for water by residents and businesses in the city of Black Bear Lake is equal to Qo…

A: A demand function is basically a mathematical expression that represents the connection between a…

Q: You are the owner of a small company that makes laptops at the price of $550. Your variable cost of…

A: The number of laptops can be found by equating price and the cost of producing laptops. We will find…

Q: If a firm’s total cost function is given by the formula: TC = 400,000 + 4Q, where the fixed costs…

A: Here, given information is: Total cost function: TC = 400,000 + 4Q Fixed cost on plant and…

Q: What are the main models for analyzing quasi-experiment data? Please briefly describe the main ideas…

A: An economic model is a conceptual framework that represents economic procedures using a collection…

Q: Draw the graph. If the monopoly is a price-discriminating monopoly charging some customers P1= $950…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: An individuals utility function is given by U = 340x1 + 960x2 + 2x1a2 – 2x – 23/2, when the weekly…

A: Answer is given below

Q: 4. Conditions for monopolistic competition Consider the monopolistically competitive market…

A: In competitive and monopolistically competitive market there is free entry and exit of firms which…

Q: 16. Tuition at a major university was $10,000 in 2010. The CPI in 2010 was 218.1, and the 2018 CPI…

A: Consumer price index (CPI) is defined as average change in the prices of fixed baskets of goods. It…

Q: Explain one of the causes for acquisition of ownership with contemporary examples.

A: When one business acquires the majority or all of the shares of another company in order to gain…

Q: University education: is the only way for people to earn an income above the median income. should…

A: University education is the upper level education that is required to gain specialized knowledge and…

Q: ITERATIVE DOMINANCE Consider the following game in strategic form. bị b2 b3 1,6 10,4 11,5 a1 6,7 3,1…

A: Strategic Form Game is given   b1 b2 b3 a1 1,6 10,4 11,5 a2 2,4 6,7 3,1 a3 4,2 7,3 8,7…

Q: 11. Price Stickiness The degree of price stickiness in an economy plays an important role in…

A: Price stickiness refers to the sensitivity of the price to change due to the change in the market…

Q: Inflation Unemployment If the Phillip eurve shows that unemployment is low and inflation is high in…

A: In an economy, the Philips curve is used by economists to analyze the economic growth of that…

Q: Provide an Illustration to illustrate one of the Final Income Taxes.

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: Ising supply and der ffect on price and quantity of sweatshirts. fo ne following: and dlagrams, show…

A: All part solved below,

Q: A monopolist's demand curve: O is perfectly elastic. is the same as the market demand curve. is…

A:

Q: Explain briefly. Growth Rate of Gross National Product (GNP)

A: Gross domestic product (GDP) is the all out financial or market worth of the relative multitude of…

Q: What assumptions are necessary for supposing that individual preferences can be inferred and valued…

A: Consumer preference are the choice for commodities or consumption which consumers make. The choices…

Q: what presents the greatest hindrance in the move to the fourth industrial revolution?

A: Industrial Revolution refers to the stage in history where various industries and production houses…

Q: each situation, soive for tne tackelberg equiln 7a) Suppose Sarah's constant MC is $5 but Joe's is…

A:

Q: Compare the ACA passed in 2010 with the Massachusetts health plan adopted in 2006 (you'll need to…

A: The closest real-world example to the Affordable Care Act is the health reform plan implemented in…

Q: Please only answer part D (I already have part a, b, and c) In the New Keynesian model, suppose…

A:

Q: In your words describe and or explain the relation between savings and investment in an open market.…

A: Savings can be defined as the income or money left with an individual after the consumption.

Q: 2. Jack is the owner of the only local bar in a small town. He sells whiskey in one-ounce glasses.…

A: Adam's demand function: yA=16-2p Burt's demand function: yB=8-p P = 4   .

Q: What are some examples of rural and urban development?

A: Rural development is defined as a development and improvement in the productivity, social economic…